Buying a home or selling a home in Florida can be an expensive and potentially complex process. It is a significant legal and financial transaction, and both buyers and sellers would be wise to take steps to ensure the protection of their long-term interests. Preparation for either a purchase or sale can be beneficial, starting with an understanding of current trends that could impact residential real estate transactions in 2022.
The implications of current trends
Current trends and predictions from real estate experts all indicate that the market will continue to move fast and prices may remain high, but there could be some slowdown. Other trends and predictions for real estate in 2022 include:
- It will remain a sellers’ market, and buying a home will be competitive.
- Because of COVID-related concerns, open houses will not be as common.
- If someone is considering selling his or her home, now is a good time to do it.
- House prices are expected to remain high, even unaffordable for many.
Buyers and sellers who understand current trends and how they could impact their individual sale or purchase will be in a better position to achieve their goals for the transaction.
Help at every step
A Florida buyer or seller will benefit from the legal guidance of an experienced real estate attorney at every step of the purchase or sale process. A legal ally can ensure that one avoid potentially costly mistakes and setbacks. Before making or accepting an offer, it may be prudent to seek an assessment of the proposed transaction.
